At this hour, Pres. Obama is giving a major speech in an effort to bolster his image after the pathetic roll out of his signature legislation, the Affordable Care Act. He is making a case for more government intervention into the lives of all Americans-read socialism.
He is largely playing on the fears of many individuals who have had financial problems owing to the ongoing recession(despite its official end in 2009).
Can he reverse the downward trend in the opinion polls? Maybe, maybe not. This speech runs side-by-side with the approval of Detroit's official entry into bankruptcy, announced by a federal judge yesterday. This does not bode well for higher taxes, job creation, or economic expansion. Can he unlock a Congress that could go down as the #1 Do Nothing Congress of the post war era?
It is not likely.
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